Implementation Of Shopee Risk Management In The Matter Of Interest Income On Spaylater Financing In The Form Of Peer To Peer Lending And Their Legitimacy

Abstract

In this day and age, marketplaces provide financial services in the form of financing with a peer to peer lending mechanism, for instance, Shopee. The interest applied to the financing have a fairly high percentage and can be mounting, which makes it difficult for debtors to repay their debts. This study aims to determine the legality of Shopee as a peer-to-peer lending platform and to analyze the risk management in the imposition of SPayLater interest. This study was conducted using a normative juridical method, namely an approach that focuses on legal norms and legal rules that apply in society by being linked to the reality. Based on the research results obtained, there are provisions in Regulation of the Financial Services Authority on Technology-Based Fund-Lending Services that Shopee have not been fulfilled, for instance the obligation to submit registration and license to OJK, to register as a member of an association appointed by the Financial Services Authority, and an effective implementation of risk management.